Dow Jumps More Than 1,000 Points in One Day

Wednesday, 26 December 2018 19:09

After weathering the worst Christmas Eve market drop in history, the Dow Jones Industrial Average came roaring back to life on Wednesday, jumping more than 1,000 points to hit the largest single-day gain since 2009.

TheNew York Times reports that the markets have been remarkably volatile in recent days, in part because of President Trump’s attacks on Federal Reserve Chairman Jerome Powell. The Washington Post notes that the rapid market recovery began soon after White House economic adviser Kevin Hassett told reporters that Powell is “100 percent safe.”